2022 (3) TMI 434

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....: Shri Manoj Kumar Goutam CIT (DR) ORDER PER C.M. GARG, JM This is an appeal filed by the revenue against the order of the CIT(A),1, Bhubaneswar dated 13.12.2019 for the assessment year 2012-13. 2. The appeal is time barred by 346 days. The revenue has filed condonaton petition to condone the delay in filing the appeal before the Tribunal, stating that the limitation to file appeal bef....

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....elay of 346 days in filing the appeal by the revenue is condoned and the appeal is admitted for adjudication. 4. The revenue is aggrieved by the order of the ld CIT(A) in giving relief of Rs. 11,44,366/- by restricting the disallowance in respect of interest payment on mobilisation advance to Rs. 34,40,315/-. 5. At the outset, ld A.R. of the assessee submitted that the revenue has come in ap....

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.... in dispute, is Rs. 50,00,000/- or less. 7. This circular, only enhances the monetary limits and gives further relaxation. The old circular, beyond any dispute or controversy, categorically applied to the pending appeals as on the date of issuance of circular. 8. The circular dated 8th August 2019 is not a standalone circular. It is to be read in conjunction with the CBDT circular No. 3/2018....

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....smissal of appeal and restoration of the appeal in the case: (i) in which it can be demonstrated that the appeals are covered by the exceptions, and (ii) which are inadvertently included in this bunch of appeals, wherein the tax effect, in terms of the CBDT circular (supra), exceeds Rs. 50,00,000. 11. We accept the request of ld CIT D.R. We make it clear that the appellant sha....